FX forecast for May 14

The home currency market is balanced, while the euro on the world markets is losing value. These are the currency-related guide marks for Thursday, May 14, according to the portal Financial Brains. Following interventions by the National Bank of Moldova (NBM) during the first days of this week, the domestic currency market became equilibrated, the US dollar being traded yesterday between banks at 1.25 – 1.27 lei. Today, the currency exchange facilities will buy dollars for 11.17 – 11.19 lei and sell for 11.27 – 11.28 lei. As Financial Brains projected, the euro has depreciated on the international market. After testing against the resistance barrier, which now stands at 1.3737, the EUR/USD pair fell yesterday to 1.3525. Even if the official exchange rate of the NBM today rose by 0.02 lei to 15.38 lei, the currency exchange facilities will buy euro for 15.13 – 15.18 lei, a slight decrease from yesterday. The sell rate will be 15.30 – 15.38 lei. Today, the EUR/USD pair on the world markets will be traded at rates ranging from $1.35 to $1.36. According to Financial Brains, the technical indicators show that this pair will further depreciate and could possibly test against the 1.3480 mark. If this barrier is passed, the exchange rates during the next days will be 14.95 to 15.10 lei per euro. To follow the developments of the main currency pairs throughout the day vist www.fb.md.